Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao (CZ) in Shanghai, China. Since then, it has quickly become one of the largest and most popular cryptocurrency exchanges in the world, with a daily trading volume often surpassing that of other well-known exchanges like Coinbase, Kraken, and Bitfinex.
As a global cryptocurrency exchange, Binance offers its services to users in over 180 countries, supporting multiple languages, including English, Chinese, Korean, Japanese, and more. It is also known for its extensive range of cryptocurrencies, providing traders access to over 1,000 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.
Binances trading platform is user-friendly, making it easy for beginners to navigate and understand. The platform offers a wide range of trading tools, including spot trading, margin trading, futures trading, and more. Users can also access advanced charting tools and technical analysis indicators to help them make informed trading decisions.
One of Binances standout features is its low trading fees, which are among the lowest in the industry. The exchange offers a tiered fee structure, which means that users can benefit from reduced trading fees as they trade more volume. Binance also offers a native cryptocurrency called Binance Coin (BNB), which can be used to pay for trading fees, providing an additional discount to users who hold BNB.
Security is a top priority for Binance, and the exchange uses a range of measures to protect its users funds and data. This includes two-factor authentication (2FA) and SSL encryption for secure communication, as well as cold storage for the majority of its users funds.
In addition to its exchange services, Binance also offers a range of other products, including a cryptocurrency wallet, a decentralized exchange (DEX), and its own blockchain network called Binance Smart Chain. Binance also operates several other business units, including Binance Academy, Binance Launchpad, and Binance Research, which offer educational resources, launchpad opportunities for new projects, and market research and analysis